Fintech startup Upgrade valued at $7.3 billion in new funding round

Top Startup and Tech Funding News – October 16, 2025 - Tech Startups

It’s Thursday, October 16, 2025, and we’re back with the top startup and tech funding news stories shaping today’s innovation landscape. From billion-dollar fintech expansions to next-gen biotech breakthroughs and space robotics, investors showed no signs of slowing down. Today’s highlights include Deel’s $300 million Series E at a $17.3 billion valuation, Upgrade’s $165 million

Fintech startup Upgrade valued at $7.3 billion in new funding round

Upgrade raised $165 million in a new funding round that valued the fintech startup at $7.3 billion.

Fintech Lender Upgrade Valued at $7.3 Billion in Funding Round

The financial-technology company Upgrade Inc. raised $165 million in a funding round that valued the company at more than $7.3 billion ahead of a planned initial public offering in the next year or two.

$1.8bn was raised across 32 investment rounds this week

It was a stellar week for FinTech deals, with a total of $1.8bn raised across 32 investment rounds.  This week also saw a couple of FinTech unicorns raise funds this week, which have become rarer in recent years after the FinTech funding booms a few years ago. There were five FinTechs to raise over $100m […]

Upgrade Valued at $7.3 Billion After $165 Million Funding Round Led by Neuberger

Upgrade has raised $165 million in a new funding round that values the FinTech at more than $7.3 billion, according to Bloomberg. The round, led by Neuberger Berman’s NB Alternatives Advisers, positions the San Francisco-based company for a potential initial public offering (IPO) within the next two years. As part of the transaction, Peter Sterling, Neuberger’s head of specialty finance, will join Upgrade’s board of directors. Sterling…

Upgrade Raises $165 Million, Sees Valuation Rise to $7.3 Billion

Upgrade has raised $165 million in a Series G round, boosting its total funding to $750 million and valuing the fintech at $7.3 billion. Founded by Lending Club pioneer Renaud Laplanche, Upgrade has served 7.5 million customers, facilitated $42 billion in credit, and continues to grow profitably with a multi-product strategy spanning loans, cards, BNPL, and savings tools. The late-stage round positions Upgrade near a potential IPO inflection poi…